Industry Capital Expenditures Actuals Projections (Sept. 2015) Notes: Total company spending of U.S. Investor-Owned Electric Utilities, consolidated at the parent or appropriate holding company. Projections based on publicly available information and extrapolated for companies reporting fewer than three projected years (12% and 15% of industry for 2017 and 2018). Projections (May 2016) Source: EEI Finance Department, company reports, SNL Financial (May 2016).

Industry Capital Expenditures Actuals Projections (May 2016) Notes: Total company spending of U.S. Investor-Owned Electric Utilities, consolidated at the parent or appropriate holding company. Projections based on publicly available information and extrapolated for companies reporting fewer than three projected years (12% and 15% of industry for 2017 and 2018). Source: EEI Finance Department, company reports, SNL Financial (May 2016).

Projected Functional CapEx To be updated summer 2016. as of October 2013 as of September 2015 $95.2 B $108.6 B Generation Distribution Transmission Gas-Related Environment Other Notes: Total company functional spending of U.S. Investor-Owned Electric Utilities. 2015P total does not sum to 100% due to rounding. Projections based on publicly available information and extrapolated for companies not reporting functional detail (1.3% of industry). Source: EEI Finance Department, company reports (September 2015).